Data: Abraxas Capital shorted BTC for profit, with weekly earnings reaching 77.9 million USD from two addresses

According to ChainCatcher news and monitored by HyperInsight, in the past 6 hours, two addresses marked as Abraxas Capital (0x5b5, 0x83) have closed some BTC short positions for profit, reducing the nominal value of their positions by approximately $17.7 million. Currently, these two addresses still hold $232 million in short positions.

Additionally, it has been monitored that the total nominal value of the holdings of the two Abraxas Capital addresses is approximately $620 million. In the past 7 days, they have realized a profit of $77.9 million, and currently, there is still an unrealized profit of about $38.2 million. It is noteworthy that although both addresses adopt a fully short strategy, there are significant differences in their allocations: the main address primarily focuses on mainstream cryptocurrencies, while the sub-address diversifies into multiple altcoins to amplify potential returns. Among all 24 positions, currently, only the ETH short position of the main address is still in a loss state.